Canada has a long history of financial/banking stability compared to most other nations.
In this recent speech, Carolina Wilkins, DG at Bank of Canada points how the system will remain stable despite the worst possible adverse shocks:
Canadian banks are part of a global banking system that is more solid than it was a decade ago. Globally active banks are holding over US$2 trillion more capital than they were at the beginning of 2011, when the phase-in of the post-crisis reforms began. This translates to a 7-percentage point increase in their Tier 1 capital ratio.11 The leverage limits and new liquidity regulations also make these banks more resilient.12
Canada has implemented new measures to further strengthen our banking system. For example, Canada’s prudential regulator, the Office of the Superintendent of Financial Institutions (OSFI), increased the required amount of capital that Canada’s big banks have to hold to…
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Utopia, you are standing in it! 
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